Fuel prices in Morocco have risen to record levels since the beginning of this October, reaching 15 and a half dirhams per liter of gasoline, while the price of one liter of gasoline exceeded 14 dirhams, raising voices calling for the necessity of restoring the previous regime, by ending the liberalization of fuel prices.
Gas stations continued to break the custom that had been in effect over the past years, after fuel prices began to rise more than 3 times a month.
Zakaria Sidqi, Director of Fuel at the Ministry of Energy Transition and Sustainable Development, said during two study days organized by the Progress and Socialism Team in the House of Representatives that liberalizing fuel prices contributed to increasing the rate of establishment of gas stations.
Sedqi confirmed that this decision contributed to the creation of 180 stations per year, and now there are 3,200 stations, with 16 companies entering the fuel distribution activity.
The Ministry’s Director of Hydrocarbons added, during the session, that approximately 35 companies practice fuel distribution activity in Morocco and 29 companies import liquid petroleum products, as the number has increased since the liberalization of the market.
The spokesman also revealed the volume of gasoline consumption in Morocco, which decreased by 6 percent, to approximately 5,835 tons.
The same official explained that the storage capacity of gasoline amounts to 1.5 million cubic metres, which is sufficient for 78 days of consumption.
The same spokesman added that the gasoline capacity reaches 260 thousand cubic meters, which is sufficient for 103 days of consumption.